What is Matic coin? And what is the price prediction for MATIC coin from 2023 to 2030?

After entering 2023, the cryptocurrency market began to rebound, and the native token of Polygon, MATIC, has risen more than 52% so far this year. According to monitoring accounts on the chain, profits of about $4 million were realized through trading MATIC during this round of price increases, with a profit of 50 times.

The current price of MATIC coin is $1.11, with a decrease of 2.84% in the past 24 hours.

What is Polygon? What are its features and uses?

Polygon is a modular and flexible framework that supports building and connecting two main types of solutions:

1. Stand-alone chains

Stand-alone chains rely on their own security, have their own verification nodes, and have their own consensus mechanisms, such as Proof-of-Stake (PoS) and Delegated Proof-of-Stake (DPoS). Because they do not use Ethereum‘s consensus mechanism, stand-alone chains can provide the highest level of independence and flexibility, but there may be some sacrifices in security. Therefore, when using stand-alone chains, a compromise must be made between flexibility and security.

Stand-alone chains provide a secure and reliable environment that can handle large amounts of data and transactions. Users can maintain the security and privacy of their data and gain many conveniences. Stand-alone chains are a very valuable development platform that allows organizations and enterprises to design their own consensus mechanisms and apply them to various fields such as digital asset trading, the Internet of Things, and community governance.

2. Secured chains

In addition to supporting the existing Plasma chain, Polygon will also support other major Layer 2 solutions, such as Optimistic Rollups, zkRollups, and Validium, making it basically the only “Layer 2 aggregator”. Secured chains do not establish their own validator pool, but rely on the security of Ethereum.

The core technology of Polygon can help users manage their assets safely and quickly without directly facing the large number of transactions and low efficiency of Ethereum. This Layer 2-based solution can provide a more efficient, secure, and faster transaction environment for Ethereum. Polygon has a complete development ecosystem that can help developers develop Ethereum smart contracts faster and integrate with multiple Layer 2 solutions more easily.

By using stand-alone chains and secured chains, Polygon can be compatible with almost all Ethereum scaling solutions, just like the internet of Ethereum. With Polygon’s existing scaling solutions, they can easily access Ethereum.

The main uses of MATIC coin are as follows:

1. As transaction fees for Polygon: As the native token of the Polygon blockchain, MATIC coin is used as transaction fees for all operations on the chain, with transaction fees for each transaction costing only about 0.01-0.02 USD worth of MATIC tokens, which is much cheaper than on the main chain.
2. Staked on Polygon to ensure security: Validators and delegators stake their MATIC coins in smart contracts to ensure the smooth operation of the network. These contracts are used to achieve consensus and ensure the security of the network.

When it comes to price predictions for MATIC coin, it’s important to note that predictions cannot replace your own research and due diligence.

The following table provides a brief overview of our price predictions for MATIC over the next few years, to ensure that you have a general understanding of the token’s potential value: